April Sales on LBI

Dated: 05/01/2011

Views: 4584

For the month of April there were 25 single-family homes sold on Long Beach Island. The average sale price was $1,012,462 with homes selling for an average of 92.8% of their asking price. On average, homes spent 134 days on the market. April tends to be a fairly active sales month as a purchase in the March-May time frame will still allow buyers to make changes and renovations to their new home before summer and/or allow some time on the rental market if that is the new owners intention. The fact that there are currently 44 homes under contract helps demonstrate this trend. The LBI rental market has also shown a substantial amount of activity with most agencies on LBI reporting that rentals are higher this year than the past few years. Overall, more homes are on the rental market and more weeks have been rented than last year so this kind of activity always helps both the LBI real estate market and the LBI economy as a whole. As I am writing this update I am listening to the news on CNN that reports Osama Bin Laden is confirmed to have been killed. We should all take a moment to remember the brave sacrifice made by so many of our men and women serving overseas and rejoice in their successful efforts to defend our nation. God Bless America!
Blog author image

Nathan Colmer

LBI Office 12800 Long Beach Blvd Beach Haven Terrace NJ 08008 I have lived on LBI my entire life and am actually the 4th generation in my family to do so. This have given me a deep knowledge base ....

Latest Blog Posts

CHANGE

“The first step toward change is awareness. If you want to get from where you are to where you want to be, you have to start by becoming aware of the choices that lead you away from your

Read More

Recipe Alert

Celebrating Valentine's Day All Weekend? Here's a Delicious Recipe Courtesy of Pinterest & Dailyappetite.com. Hope you enjoy it!! Pineapple Chicken and RicePineapple Chicken and Rice

Read More

Polar Bear Plunge

Show Your Support for the Special Olympics by participating in the: Polar Bear Plunge - Seaside Heights, NJSaturday, February 22nd - 1 pmOn the boardwalk near the Spicy CantinaPlunge check-in -

Read More

Top LBI Rental Questions Lets Talk Beach Badges

So many LBI rentals, so many questions! One of the top questions is...does my Long Beach Island rental include beach badges? Your first source for the answer to this question is...the original

Read More